Raiganj is a small city as well as a municipality in the Indian state of West Bengal. It functions as the headquarters of the Uttar Dinajpur district. Raiganj was established 200 years ago. Some believe that the name of the place has come from the word "Rai" which refers to the character of Radha in Mahabharata. Some others say that the name is associated with the royal family of Dinajpur as their surname was Rai. However, the widely accepted opinion is that the name of the city originated from the excess of rai sorshe cultivated in the place, which is a special type of mustard. The city has around 2 lakh Bengali speaking residents. Raiganj is famous for the Raiganj Wildlife Sanctuary, or the Kulik bird sanctuary. It is a home to many Asian Openbills as well as other waterbirds. It is the largest bird sanctuary in Asia. Hence tourism is a huge source of the economy here. Raiganj doesnt have many industries, but it is a very important trading center. Daily business transactions in Raiganj shoots up to at least six crores on an average. A few places worth visiting in and around the city are the Raiganj Church, the Jain Temples, several Hindu temples, Terracotta pottery at Malgaon, etc.
Federal Bank Limited was established on 28th April 1931. In September 2006, the Ganesh Bank of Kurundwad was merged with Federal Bank, and the total number of the bank branches crossed 500. In July 2011, the Federal office launched the general insurance cover for stabilizing the relationship with the clients. FedDelight, banks unique gift card was launched in September 2011. In November 2011, the bank started its 24/7 customer care which was controlled by differently abled people. The Federal Bank has also signed an agreement with Samba Bank for inward remittance. The stocks of the bank get listed on the BSE Index in 2012. In August 2013, the bank launched its first electronic passbook named Fedbook in India, and it was awarded as the most active organization. The bank has adopted an exclusive video conferencing facility named Vconnect to enable customers to interact with relationship managers of the bank. In June 2015, the bank launched an innovative payment app for its customers named, Scan n Pay. Another initiative in digital banking was Fed-E-Credit, the first digital loan in August 2015. In January 2016, the bank introduced miss call based banking services for fund transfer.